Funko reported another big increase in sales in Q2, along with improvements in margin and profitability, the company announced. Sales grew 32% vs. Q2 2017, to $138.7 million, a somewhat lower growth rate than the torrid pace in Q1, when sales were up 39% (see "Funko Sales Up 39% in Q1").
Funko continues its rapid licensing growth, with the number of active properties up 26% to 510, while sales per property increased only 5%.
Unlike Q1, when growth was heavily skewed toward Europe, sales increases were more evenly distributed in Q2: U.S. sales were up 33%, and other territories were up 32%.
Funko reported a big swing in profitability, from a $4.5 million loss in Q2 2017 to a $417,000 profit this year.
This marks the fourth quarter since the company went public last year, and sales growth has been constant, although not at consistent rates:
Q3 2017: Up 21%
Q4 2017: Up 14%
Q1 2018: Up 39%
Q2 2018: Up 33%
Continuing Rapid Growth Since IPO
Posted by Milton Griepp on August 13, 2018 @ 1:06 am CT
MORE COMICS
One of the Earliest Korean Digital Comics Platforms Ends Run
November 4, 2024
Netcomics, one of the earliest Korean digital comics platforms, is shutting down, even as the Korean webtoon phenomenon has become a major force in the U.S.
On Creating a Universe, the Role of Comics, the Shows, the Toys
November 4, 2024
ICv2 interviewed media and consumer products company Nacelle Company CEO Brian Volk-Weiss at New York Comic Con to talk about how they came to aggregate their properties.
MORE NEWS
With Visual Afterword by Raina Telgemaier
November 4, 2024
The first of the new volumes will include a visual afterword by Raina Telgemaier.
In Osaka, Japan
November 4, 2024
Legend Story Studios has crowed a new 2024 Flesh and Blood TCG World Champion in Osaka, Japan.